Category Archives: HedgeCo News

SEC Settles Charges with Quant Who Perpetrated Front-Running Scheme

(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against Sergei Polevikov, who worked as a quantitative analyst at two asset management firms, for perpetrating a front-running scheme that generated profits of approximately $8.5 million. The SEC also […]

CFTC Wins $7.49 Million Jury Verdict in Texas Broker Trading Case

(HedgeCo.Net) Broker and Firm Found Liable for Secretly Trading Against Customers, Disclosing Confidential Order Information and for Failing to Supervise Broker and Failing to Make and Keep Required Records. The Commodity Futures Trading Commission has announced a jury in the […]

Final Judgment Against Former Broker Found Liable for Defrauding Federal Employees

(HedgeCo.Net) The U.S. District Court for the Northern District of Georgia has entered a final consent judgment against Jonathan Dax Cooke, a former broker accused of fraudulently persuading hundreds of current and former federal employees to liquidate their Thrift Savings […]

Barred Broker and His Company Charged with Defrauding Older Americans

(HedgeCo.Net) The Securities and Exchange Commission has charged Global Business Development and Consulting Corp. (Global) and its owner, Anthony J. Mastroianni, Jr., in connection with a $1.2 million fraudulent promissory note scheme targeting older Americans. According to the SEC’s complaint, […]

SEC Charges Eagle Bancorp and Former CEO with Failing to Disclose $90 Million in Party Loans

(HedgeCo.Net) The Securities and Exchange Commission has charged Eagle Bancorp, Inc., based in Bethesda, Maryland, and its former Chief Executive Officer and Chairman of the Board, Ronald D. Paul, with negligently making false and misleading statements about related party loans […]

18 Defendants Charged in International Scheme to Manipulate Stocks Using Hacked US Brokerage Accounts

(HedgeCo.Net) The Securities and Exchange Commission has charged 18 individuals and entities for their roles in a fraudulent scheme in which dozens of online retail brokerage accounts were hacked and improperly used to purchase microcap stocks to manipulate the price […]

SEC Charges Broker-Dealer and Two Employees with Engaging in Unauthorized Securities Transactions

(HedgeCo.Net) The Securities and Exchange Commission has charged broker-dealer Alpine Securities Corporation, its former Chief Executive Officer Christopher Doubek, and its current Chief Operations Officer Joseph Walsh with engaging in a series of unauthorized securities transactions. According to the SEC’s […]

Angel Oak Capital Advisors Charged with Misleading Investors in $90 Million Fix-and-Flip Securitization

(HedgeCo.Net) The Securities and Exchange Commission has charged Atlanta-based Angel Oak Capital Advisors, LLC and its portfolio manager Ashish Negandhi for misleading investors about the firm’s fix-and-flip loan securitization’s delinquency rates. Angel Oak and Negandhi have agreed to settle charges […]

SEC Awards More Than $16 Million to Two Whistleblowers

(HedgeCo.Net) The Securities and Exchange Commission has awarded $16 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action.   The first whistleblower prompted the opening of the investigation and provided information on difficult-to-detect violations. […]

Crown Bridge Agrees To Pay $9-Million to Settle SEC Charges

(HedgeCo.Net) The Securities and Exchange Commission has settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as securities dealers. […]

Surgalign Holdings to Pay $2 Million to Settle Accounting and Disclosure Fraud Charges

(HedgeCo.Net) The Securities and Exchange Commission has charged Surgalign Holdings, Inc., formerly RTI Surgical Holdings, Inc., and former executives Brian Hutchison and Robert Jordheim for masking disappointing sales numbers by shipping future orders ahead of schedule to accelerate, or “pull […]

SEC Charges Convertible Note Dealer and Its Long Island-Based Owners for Failure to Register

(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against a convertible note dealer, Crown Bridge Partners, LLC, and its managing members, Soheil and Sepas Ahdoot of Great Neck, N.Y., for failing to register with the SEC as securities […]